Product diversification is a high r

Product diversification is a high risk strategy, so it’s important to assess both the opportunity and the level of risk. Focus on product diversification that represents an attractive opportunity for your business, such as an instance where the market is growing and no other company is meeting the demand. Provided the costs of developing and marketing the new product allow you to earn a profit, this is an opportunity to pursue. Risk increases if the new product might take sales away from your existing products or if the cost of market entry is very high. In those scenarios, the benefit to your company may not offset the risk.

Kết quả (Anh) 2:

Product diversification is a high risk strategy, considering it's Important to Assess Both the opportunity and the level of risk. Focus on an attractive product diversification là có opportunity for your business, an instance where như the market is Growing and no other company is meeting the demand. Provided the Costs of Developing and marketing the new product allow you to earn a profit, this is an opportunity to pursue. Risk increases if the new product might, take sales away from existing products or của cost of market entry nếu is very high. In những scenarios, the Benefit to your company not offset the risk unfortunately.